MORESCO Corporation
MORESCO Group delivers sustainable one-of-a-kind products

The 65th Term Financial Report（ From March 1, 2022 to February 28, 2023 ）Tokyo Stock Exchange Prime Market 5018 (Petroleum and Coal Products)
April, 2023

Copyright © MORESCO Corporation All Rights Reserved.

Business environment for the current period (1)Car Production in The Area where Our Base is LocatedSoutheast / South Asia

10,000 units

6,000

47.28 million
units

50.03 million
units

5,000

551
4,000

720

U.S.

Source: MarkLines Co., Ltd.

ChainaJapan

53.81 million
units

881

877

912

1,010

2,517

2,606

2,700

783

762

790

2020

2021

2022

3,000
2,000
1,000

0
Notes:① Japan is from March to February, and overseas is from January to December.
② Southeast / South Asia aggregates Thailand, Indonesia, and India.
Copyright © MORESCO Corporation All Rights Reserved.
(Location of our manufacturing and sales base)1

Business environment for the current period (2)Dubai cruid oil price$/b

Exchange rate

¥/$

120

150

110

140

100

130

90

120

80

110

70

100

60
50

90

40

80

30

70

19-4Q

20-4Q

21-4Q

22-4Q
Naphtha Price in Japan

千円／kL

80
60
40
20
19-4Q

20-4Q

21-4Q

22-4Q

Copyright © MORESCO Corporation All Rights Reserved.

2

Consolidated Income Statement➢

Sales increased due to corrections to sales prices due to soaring raw material prices, but sales
decreased due to the time lag in passing on costs and the loss of extraordinary income from theprevious fiscal year.
Millions of yen

Account title

FY2021

FY2022Year-on-year change

Net Sales

27,30030,333+11.1％

Gross Profit

8,725

8,129

△6.8％

Selling, General and
Administrative Expenses

7,291

7,606

+4.3％

Operating Income

1,434

523

△63.5％

Non-operating profit &
loss

577

523

△9.3％

Ordinary Income

2,011

1,046

△48.0%

Extraordinary profit & loss

833

－

－

Income before Income Tax

2,844

1,046

△63.2%Net Income *

1,808

615

△66.0%* Net income attributable to owners of parent. The same applies hereafter.

Copyright © MORESCO Corporation All Rights Reserved.

3

Breakdown of Sales by Division
Millions of yen

Account title

FY2021

FY2022Year-on-year change

13,021

15,105+16.0％

Synthetic Lubricants

1,974

1,703

△13.7％(HD Surface Lub)

678

613

△9.7％

Liquid Paraffin &Sulfonates

3,480

3,793

+9.0％

Hot Melt Adhesive

6,785

7,664

+13.0％

Other

2,031

2,068

+1.8％

27,29230,333+11.1％

Rental Building
Business

8－－

Total Net Sales

27,30030,333+11.1％

Functional Fluids

Chemical Products
TTL

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4

Division Performance - Functional Fluids➢ Sales increased by 16.0% year-on-year (15,105 million yen)
Sales volume decreased by 1.0％

FY2021Millions of yen

FY2022➢ JapanVolume decreased due to the impact ofthe decrease in automobile production
3,536
by major customers.

5,000
4,586
4,035

4,000

3,059
3,000

3,127

2,577
1,920

2,000

1,626
1,000

0

1,140
925
731

Vaccum Hidraulicpomp oil
fluid

Diecasting
fluid

863

➢ Abroad
In Southeast Asia, the volume
increased due to market recovery fromthe second half.
Volume in China remained at the samelevel as the previous term.

Cutting Forging Others
fluid
lubricants
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5

Division Performance - Hot Melt Adhesive➢ Sales increased by 13.0% year-on-year (7,664 million yen)
Sales volume increased by 3.3%

FY2021Millions of yen

FY2022

5,445
5,000

➢ JapanSales of sanitary material applications
were firm, and sales of adhesive
applications increased.

4,791

4,000

➢ Abroad
Increased sales in India and Indonesia.

3,000

2,000

855

1,000

966

1,139 1,253

0Sanitary

Adhesive

OthersCopyright © MORESCO Corporation All Rights Reserved.

6

Division Performance - Synthetic Lubricants➢ Sales decreased by 13.7% year-on-year (1,703 million yen)

FY2021Millions of yen

FY2022

1,243➢ High temperature
Sales decreased due to inventory
adjustments by customers.

1,200

1,038

800

678

➢ Hard disc surface Lubricants
Sales decreased due to the impact ofsluggish data center investment.
（Demand for HDDs for data centers is
expected to increase in the medium
term.）

613

400

53
0

High temperaturelubricants

Hard disc surface
lubricants

52

OthersCopyright © MORESCO Corporation All Rights Reserved.

7

Division Performance - Liquid Paraffin & Sulfonate➢ Sales increased by 9.0% year-on-year (3,793 million yen)
Sales volume decreased by 9.3%

FY2021Millions of yen

3,000

FY2022➢ Liquid Paraffin
Sales volume for polystyrene plasticizer
applications decreased.

2,747
2,545

2,500

➢ Sulfonates
Volume decreased due to the impact ofthe decrease in automobile production
volume by major domestic customers.

2,000
1,500

1,000

676

777

500

259

269

0
Liquid paraffin

Sulfonates

OthersCopyright © MORESCO Corporation All Rights Reserved.

8

Overseas Sales (Consolidated)
Millions of yen％

13,00038.4

12,000

37.9

36.1

40

1,645

11,000

1,346

10,000

1,026

9,000

918

1,228

8,000

2,072

1,872
724
1,466

7,000
6,000

2,780

2,371

5,000

20

2,082

4,000
3,000

3,977

3,969

FY2021

FY2022

3,341

2,000

1,000
0

0
FY2020
China

Indonesia

ThailandNorth America

OthersOverseas sales ratio

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9

Consolidated Income Statement
Millions of yen

Account title

FY2021

FY2022Year-on-year change

Net Sales

27,30030,333+11.1％

Gross Profit

8,725

8,129

△6.8％

Selling, General and
Administrative Expenses

7,291

7,606

+4.3％

Operating Income

1,434

523

△63.5％

Non-operating profit &
loss

577

523

△9.3％

Ordinary Income

2,011

1,046

△48.0%

Extraordinary profit &
loss

833

－

－

Income before Income
Tax

2,844

1,046

△63.2%Net Income *

1,808

615

△66.0%* Net income attributable to owners of parent. The same applies hereafter.
Copyright © MORESCO Corporation All Rights Reserved.

10

Net Sales and Gross Profit Ratio
Net Sales

Millions of yen

30,000％30,33327,92228,80640.0

27,30027,06424,47925,00020,000Gross Profit Ratio

34.1
32.4

32.3

15,000

32.0

32.0

30.0

10,000

26.8
5,000

0

20.0
FY2017FY2018FY2019FY2020

FY2021

FY2022

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11

Consolidated Income Statement
Millions of yen

Account title

FY2021

FY2022Year-on-year change

Net Sales

27,30030,333+11.1％

Gross Profit

8,725

8,129

△6.8％

Selling, General and
Administrative Expenses

7,291

7,606

+4.3％

Operating Income

1,434

523

△63.5％

Non-operating profit &
loss

577

523

△9.3％

Ordinary Income

2,011

1,046

△48.0%

Extraordinary profit &
loss

833

－

－

Income before Income
Tax

2,844

1,046

△63.2%Net Income *

1,808

615

△66.0%* Net income attributable to owners of parent. The same applies hereafter.
Copyright © MORESCO Corporation All Rights Reserved.

12Selling, General and Administrative Expenses
Millions of yen

FY2021

FY2022

Increase /Decrease

Year-on-yearchangeSelling, General and
Administrative Expenses(include R&D Expenses)

7,291

7,606

+315

+4.3%

R&D Expenses *

1,359

1,246

△113

△8.3%

SGA Ratio

26.7%

25.1％

5.0%

4.1％

Ratio of R&D Expenses to
Sales* Research and development expenses have decreased due to the impact of the reorganization.
Excluding this impact, sales would have increased by 1.8% from the previous term.
Copyright © MORESCO Corporation All Rights Reserved.

13

Consolidated Income Statement
Millions of yen

Account title

FY2021

FY2022Year-on-year change

Net Sales

27,30030,333+11.1％

Gross Profit

8,725

8,129

△6.8％

Selling, General and
Administrative Expenses

7,291

7,606

+4.3％

Operating Income

1,434

523

△63.5％

Non-operating profit &
loss

577

523

△9.3％

Ordinary Income

2,011

1,046

△48.0%

Extraordinary profit &
loss

833

－

－

Income before Income
Tax

2,844

1,046

△63.2%Net Income *

1,808

615

△66.0%* Net income attributable to owners of parent. The same applies hereafter.
Copyright © MORESCO Corporation All Rights Reserved.

14

Profit and Loss by Country (Consolidated)■Net Sales to external customers ■Operating Income

Japan

Net Sales

438
17,220600

805
18,385

19,637

400

33

200
0

FY2021

1,000

311

350
2,957

3,625

3,814

FY2020

FY2021

FY2022

North America

4,000

86

3,671
6

4,501

5,870

0

800

100

600

0
FY2020

FY2021

FY2022

107

200

87

43

400
50

Operating
Income

100

1,000
150

100
0

Income

123

300
200

0

Southeast/South Asia Operating Net Sales

5,000

1,000

2,000

FY2022

6,000

2,000

432

3,000

FY2020

3,000

400

800

0

Net Sales

Operating
Income

4,000

10,000
5,000

China

Operating
Income Net Sales

20,00015,000Millions of yen

75
50

789

1,011

631

25
0

0

-25
FY2020

FY2021

FY2022

Copyright © MORESCO Corporation All Rights Reserved.

15

Consolidated Income Statement
Millions of yen

Account title

FY2021

FY2022Year-on-year change

Net Sales

27,30030,333+11.1％

Gross Profit

8,725

8,129

△6.8％

Selling, General and
Administrative Expenses

7,291

7,606

+4.3％

Operating Income

1,434

523

△63.5％

Non-operating profit &
loss

577

523

△9.3％

Ordinary Income

2,011

1,046

△48.0%

Extraordinary profit &
loss

833

－

－

Income before Income
Tax

2,844

1,046

△63.2%Net Income *

1,808

615

△66.0%* Net income attributable to owners of parent. The same applies hereafter.
Copyright © MORESCO Corporation All Rights Reserved.

16

Balance Sheet (Consolidated)
Millions of yen

Account title

FY2022

Increase/
Decrease

Account title

FY2022

Increase/
Decrease

Cash & Deposit

4,256

255

Trade Payable

5,144

836

Notes and Accounts
Receivable-trade

7,595

752

Interests bearing debt
(Current)

2,853

1,943

Inventories

6,306

979

Other Current Liabilities

2,074

△319

653

217

Other Noncurrent
Liabilities

707

△140

Current Assets

18,8102,203

Total Liabilities

10,7782,321

Property, Plant andEquipment

8,610

307

Capital Stock・Capital
Surplus4,095

1

Intangible Assets

589

△43

Retained Earnings

13,760242

Investments and Others

4,008

543

Treasury Stock

△567

△183

13,207806

Accumulated Other
Comprehensive Income

1,246

511

Non-Controlling Interest

2,706

117

Total Net Assets

21,240688

Total Liability & Assets

32,017

3,009

Other

Fixed Assets

Total Assets

32,0173,009

Note: Increase / Decrease vs. FY2021
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17

Capital Investment・Depreciation
Millions of yen

Account title

FY2021

FY2022

Increase / Decrease

Total Capital
Investment

1,279

1,318

+39

MORESCO

340

311

△29

Consolidated
Subsidiary

939

1,007

+68

Depreciation

1,210

1,212

+2

Major Capital Investment (acquisition base)➢ MORESCO (ZHEJIANG) FUNCTIONAL MATERIAL CO., LTD.
Construction of a special lubricating oil production plant (under construction)➢ Ethylene Chemical CO., LTD.
Office building (complete)
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18

Interest-bearing Debt
Millions of yen

Account title

FY2021

Increase /Decrease

FY2022

Short-term
Borrowing *

560

2,381

+1,822Long-term
Borrowing

350

472

+122

Total Borrowing

910

2,853

+1,943

Interest-bearing
Debt Ratio

3.1%

8.9%

* Includes long-term loans payable within one year.

Copyright © MORESCO Corporation All Rights Reserved.

19

Cash Flow for FY2022
Millions of yen

Operation
Investment Finance+515+1,227△1,172Currency
Exchange
Adjustment

3,654

4,186
・Acquisition of Tangible
Fixed Assets △1,283

・Debt+1,941・Dividend Payout △372
・Acquisition oftreasury stock △194

Cash
Equivalent

Cash
Equivalent

Beginning of FY

End of FY
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20

FY2023 Consolidated Earnings Forecast
Millions of yen

Account title

FY2022 Results

FY2023 Forecast

Net Sales

30,33334,500Operating
Income523

1,400

Ordinary
Income

1,046

1,600

615

700

Net Income

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21

Medium-Term
Management Plan

Copyright © 2021 MORESCO Corporation All Rights Reserved.

Business Results and 9th Medium-Term
Management Plan
■ FY2013 to FY2022 term sales ■ FY2023 term sales (plan) ● Ordinary income

Millions of yen

40,0005,000

30,000■Create business starting from solving social issues.
■Increase value-added business and accelerate challenges in new business fields.
■Strengthen the competitiveness of manufacturing through technological
34,500innovation, reduce manufacturing costs, and improve quality.
■Improve operational efficiency. Streamline and strengthen back-office. Promote
work style reform.
30,333

26,820 26,266

26,674 27,922

28,806

27,0644,000

27,30024,47923,724

3,000
2,765

20,0002,012
10,000

2,658
2,378

2,011

2,600

2,202

1,600

2,000

1,046

1,568
1,030

0

1,000

0
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Copyright © MORESCO Corporation All Rights Reserved.

23

Medium-Term Plan and Sales by Division(Consolidated)■Functional Fluids : Respond to eco-friendly vehicles in the Japanese and Chinese markets, expand sales of watersoluble minimum quantity spray type lubricant.
■Synthetic Lubricants : Development of applications for high temperature lubricants, overseas expansion, development of
surface lubricants for hard disk in next generation.
■Hot Melt Adhesive : Promote the development of environment-friendly products, Sales expansion in Southeast/South Asia.
■Device Materials : Accelerating overseas expansion of sealants for organic EL.
■Creating new business in the life science field.
■Promotion of sustainability management.
PlanMillions of yen

FY2023

17,200

FY2022

1,730 4,400

15,105

FY2021

1,703 3,793

13,021

FY20201,974 3,480

10,566FY201912,540FY201813,1580Functional Fluids

5,000

1,872 3,385

6,807

Synthetic Lubricants

15,000

6,882

1,859

2,220

1,802

1,682
1,681

126

7,318

20,000Liquid Paraffin ＆ Sulfonates

209

237

113

2,602 3,874
10,000

350

7,664
6,785

2,115 3,720

8,600

81

25,000Hot Melt Adhesive

1,772
30,00035,000Device Materials

Copyright © MORESCO Corporation All Rights Reserved.

Others24

Realization of a
Sustainable Society

Copyright © MORESCO Corporation All Rights Reserved.

New product development for new energy vehicles*➢ Developing new products for lightweight components in China, which drives
the new energy vehicle market, and expanding globally

Changes in automobile sales in China（Million units）
3,000

New energy vehicle

2,627

Others

2,686

2,760

Focusing on weight reduction necessary for
new energy vehicles
Die casting field✓

Release agent for gigacast thin large parts (forintegrated/structural use)
：Compatible with new alloys, small amount application

2,500(water-soluble/oil-based)/diluted type
2,000

Release agent for non-graphitic AL squeeze casting✓

Release agent for Mg auto parts

Forging field

1,500

✓

Non-graphite AL forging lubricant

Cutting field

1,000

500

13%

0

✓

352 share
FY2021 Results

689

26%
share

FY2022 Results

900

33%
share

✓

AL cutting fluid for E-axles and battery cases✓

Synthetic cutting fluid for Mg auto parts

New field of plastic working✓

Full-scale entry into release agents for pressforming (AL)✓

Full-scale entry into non-ferrous (AL, Cu, Mg) cold and warm

FY2023 Forecast

Source: Created in-house based on statistical data from the China
Automobile Manufacturers Associationpress lubricants✓

Lubricants for impact molding for major EV battery
manufacturers*The Chinese government classifies electric vehicles (EV), plug-in hybrid vehicles (PHV), and fuel cell vehicles (FCV) as new energy vehicles.
Copyright © MORESCO Corporation All Rights Reserved.

26

Minimum quantity spray type Die casting lubricant➢ Contribution to climate change and biodiversity✓ CO2 reduction effectAmount of releaseagent applied

7.5 tons or more
per yearAmount of waste liquid

Cycle time

Release agent spray

Air blow✓ Wastewater reduction
effect

200 tons or more
per year

99.6% reduction

Elimination of liquid waste
due to release agent

13% reduction

60% reduction＊Calculated value per die gast machine compared to conventional mold release agents➢ Visualization and quantification by simulation of application state
Visualize the coating state using equipment such as a 3D scanner

Numericalization of coating area and film thickness by CAE analysis✓

Reduced machine startup period✓

Optimize setups such as mold adjustments during
new product development

Actual measurement
image

CAE analysis image of
release agent✓

Contribute to quality improvement
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27

Recycling system for fire-resistant hydraulic fluid
Conventional business model

New oil

Used oilsampletest

market share74%

customerSalehydraulic fluid
management

Replace withnew oil

Incineration ofused oil(CO2 generation)

Used oil

New oilhydraulic fluid
management

Sale

customerDr.HYDOL

Production

Business model based on

Replacewith new oil×

circular economy

Incineration ofused oil(CO2 generation)

Turn into
raw materials

Extraction/
Purification

Collect

Copyright © MORESCO Corporation All Rights Reserved.

28

Dr. HYDOL, an immediate analyzer for flame-retardant
hydraulic fluids
The state of the hydraulic fluid

can be found immediately on the spot!

【Measurement item】
to maintenance of lubrication performance andKinematic ・Leads
stable injection conditions
Prevention of sudden failure!
viscosity
Rapid anomaly detection!

％

Moisture・Changes in moisture content lead to changes in viscosity
Evaporation and mixing of moisture can be seen!

Pollution
degree・Important items directly linked to equipment trouble
・Detects external contaminants, abnormal wear, etc

Permanent typePortable type

Reduce equipment trouble! Efficient hydraulic fluid management!
Copyright © MORESCO Corporation All Rights Reserved.

29

Concentration of liquid fertilizer with MATSUKEN CO.,LTD.'s membrane treatment equipment•

Reduce the cost of using liquid fertilizer by concentrating liquid fertilizer by physical filtration without using chemicals•

Adopted for bio-liquid fertilizer concentration facility in Maniwa City, Okayama Prefecture (scheduled to start
operation in 2024)

Methane fermentation plant system

Here!
↓

Source: Quoted from the website of the Maniwa Cross-Regional Waste Recycling Business Cooperative , partly created in-house

Methane fermentation
digestive juice（liquid fertilizer）

Solid-liquid
separator

UF membrane
deviceElectrodialyz
erConcentrateliquid fertilizer
to 1/10 to 1/20

Copyright © MORESCO Corporation All Rights Reserved.

30

Research anddevelopment aimed atsolving social issues

Copyright © MORESCO Corporation All Rights Reserved.

R&D system for solving social issues••

Cross-departmental development system in-house and incollaboration with industry, government, and academia

Launch of company-wide project MOLGAD
MODevelopment of organic photovoltaic
materials

Division B

Division C

Foreignsubsidiary
Cooperatingcompany
University

R&D
meeting・Solving basic
issues・Solving
common issues

LContinue development in the life
science fieldGA
In-house production of polymers from
non-petroleum-derived raw materials

D
Application of DX technology

Creation of new technologies andnew core technologies

Application of VOC removal technology
to high value-added materials

Division A

・・・
Copyright © MORESCO Corporation All Rights Reserved.

32

OPV - Contribution to solar power generation in
urban areas➢ OPV reduces the payback time* to 1/3 that of
Si-based solar cells, contributing to a reduction
in environmental impact＊Recovery period of CO2 generated from materials to production➢ Developing materials to improve power
generation efficiency in collaboration with
universities

CO2 payback time（number of months）

42

Single crystal Si solar cell
OPV（Power generation efficiency ５％）

13

OPV（Power generation efficiency ７％）

9

OPV（Power generation efficiency 10％）

6

About 29
monthsreduction

Increase the amount of solar power generated by urban skyscrapers incombination with Si-based solar cells
Si solar cell

Middle floor of building：OPV（see-through）
Usage example：The monitor auxiliary powerLow floor of building：OPV（Printing）
Usage example：Alcohol spray, Environmental sensor
Copyright © MORESCO Corporation All Rights Reserved.

33

OPV-Introduction track record and increase in inquiries••

Number of inquiries: 100 in 2022 (20 companies in 2020)
Implementation record: Cumulative 30 companies

Yamagata University
Innovation Center for
Organic Electronics

Minamisanriku

Nagasaki Lantern Festival
2023

Kobe Animal Kingdom

Daimaru Kobe

“Playable Week 2023”
Takanawa Gateway Station 3rd Anniversary Event
Copyright © MORESCO Corporation All Rights Reserved.

34

Development progress in the life science field

Promoting joint research anddevelopment for drug discovery
with university-launched ventures

Sample evaluation underway at amajor cosmetics manufacturer

For anti aging and sun protection

×

Nanoemulsion can be expected toenhance functionality

Improvement of lifestyle-related diseases can be expected
Promoting drug discovery activities targeting autophagy
Obtain key compounds with enhanced pharmacological activity

2023
First patent application scheduled

Nanoemulsion
MORESCO-NANOREACH

12nm

Intercellular spaceabout 40nm

stratum
corneum

Autophagy research is research that leads tothe prevention and treatment of various
phenomena and diseases related to aging

granular
layer

Copyright © MORESCO Corporation All Rights Reserved.

35

Generation of petrochemical materials from biomass①

liquid fertilizer
Hydrogen(H２)

animal waste

Rawgarbagesewagesludge,Discarded
ingredients,
etc.

Dehydration reaction &high temperature/highpressure reaction

methaneoxidation
reaction

CO₂

methanehydrocarbon(-CH２-)ｎmethanol, etc.

power
generation

Reuse for biogas
plant

By-product
Water(H2O)

surplus heat

BiogasBiogas plant(≒ Fermentation tank)✅ Lubricant✅ Polymer raw
material

fermentation heat

Electricity sales orenergy for synthesis

Litter（Livestock litter）
Copyright © MORESCO Corporation All Rights Reserved.

36

Generation of petrochemical materials from biomass②➢ Participated as a corporate partner in the project “ MATSURI " operated by Chitose Group➢ Contributing to the realization of bioeconomy by incorporating our technology into MATSURI's algae
industry tree

MATSURI's
Algae

Industry Tree

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37

Acceleration of
global expansion

Copyright © MORESCO Corporation All Rights Reserved.

Strengthening the system for global expansion➢ Assign executive officers in charge of each area to respond quickly to customer needs➢ Strengthen area-specific R&D functions and accelerate the launch of new products

China
•
•

Early stabilization of new factoryStrengthen development system•

A leading force for new energy
vehicles(establish R&D center)MainofficeNorth America•••

Consider collaboration with othercompanies in the same industry
Strengthen sales to US customers
Consider establishing a subsidiary
in Mexico & business expansion

Southeast/South Asia••

Business expansion and system
maintenance in Thailand
Expand hot melt business in ASEAN

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39

Progress of new factory in China【Purpose】

Improving the production capacity and production efficiency of special lubricatingoils & Efficiency of management work

【Progress】 Construction to start in February 2023, scheduled to start full operation in November
Imagediagram

Construction
progress

Image
diagram

Construction
progress

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40

Corporate governance

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Strengthen IR activities

Expand IR-related information dissemination tools and actively engage in dialogue with investors◆ As of March 1, 2023, we will establish an IR Department under the CFO to strengthencommunication functions, such as handling integrated reports (Japanese and English).

Sustainability
special pageMay 2022

November
2022

2023

2024

Information
Disclosure
Based on
TCFD
Recommendations

ESG data
disclosure●●

Human rights
due diligence

Humancapitalmanagement

●

●

TNFD

Publication ofIntegrated
Report●●●Copyright © MORESCO Corporation All Rights Reserved.

42

Efforts to decarbonize
Reduce GHG emissions from in-house energy consumption by 46％ by 2030 (compared to 2013)

Achievecarbon neutrality by 2050, including supply chain

GHG emissions Adjusting

Scope 3 target settings for release during this term

November 11, 2022
Expression of support

Changes in GHG Emissions of the MORESCO Group (Domestic)
Unit: t- CO2

10,906

7,240

2013 comparison
5,725(▲46％)

2013

2017

2018

2019

Scope1 direct discharge

2020

2021

2022

Scope2 indirect emissions

2030

2021

▲24％

2022*

▲33％

*The reduction rate for 2022 is a provisional
figure using the electric power emission factor
before finalization for the current fiscal year
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43

Initiatives for health management
Excellent Health and Productivity Management Organization(Large Enterprise Category)

Certified for 3 consecutive years*A system to honor corporations that practice particularly excellent health management(Ministry of Economy, Trade and Industry)

Health management

declaration
MORESCO believes that the physical and mental health of
its employees is essential for the sustainable developmentof the company. We will promote the health of ouremployees in order to realize "a company where

each and every person grows up in a richenvironment and creates new value."

Structure
The officer responsible for healthmanagement(The President and Representative
Director)

The Director of Human
Resourcesindustrial physician

Human Resources
Department

Health insurance
association

Public Relations
Department

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44

Head Office / R&D Center

Kobe City

Kobe Airport➢ Forecasts, strategic goals and other forward-looking information in this presentation are basedon the judgements of MORESCO at the time this presentation was prepared. This information
may be revised without prior notice.
➢ Investors are cautioned not to rely entirely on the forecasts and goals in this presentation when
making investment decisions. MORESCO assumes no responsibility for any resulting losses.
➢ This presentation may not be copied or reused in any other way without the prior consent of
MORESCO.

2023/4/17

https://www.moresco.co.jp/
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45